Item - 2020.BU17.2
Tracking Status
- This item was considered by Budget Committee on October 8, 2020 and was adopted without amendment.
BU17.2 - Transportation Services 2020 Capital Budget and 2020-2029 Adjustments
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Decision
The Budget Committee recommends that:
1. City Council amend the Transportation Services Approved 2020-2029 Capital Budget and Plan to reallocate cash flows in the amount of $107.765 million gross to 2020 from 2021 and beyond, with a zero overall impact to the approved ten year budget and plan, as described in Attachment 1 to the report (September 28, 2020) from the General Manager, Transportation Services.
Origin
Summary
This report requests City Council authority to amend the Transportation Services Approved 2020 Capital Budget and 2021-2029 Capital Plan by reallocating cash flows within the ten year Capital Plan.
These reallocations will have a zero budget impact to the Transportation Services Approved 2020-2029 Capital Budget and Plan and will align program requirements and project delivery schedules resulting in improved spending rates.
Background Information
https://www.toronto.ca/legdocs/mmis/2020/bu/bgrd/backgroundfile-157210.pdf
(September 24, 2020) Report and Attachment 1 from the General Manager, Transportation Services on Transportation Services 2020-2029 Capital Budget and Plan Adjustments
https://www.toronto.ca/legdocs/mmis/2020/bu/bgrd/backgroundfile-157022.pdf